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Aparna Constructions to invest 2,851 crore in first phase of 123-acre township in Hyderabad

Nov 11, 2024 04:44 PM IST

The project is located in Gopanpally-Gachibowli area of Hyderabad; to comprise high-rise apartments and a gated community of 99 premium bungalows

Hyderabad-headquartered real estate major Aparna Constructions and Estates on November 11 announced the launch of a 123-acre township project - Aparna Deccan Town - in the city at an investment of 2,851 crore.

Aparna Constructions to invest <span class='webrupee'>₹</span>2,851 crore in first phase of 123-acre township in Hyderabad(Aparna Constructions and Estates Private Limited)
Aparna Constructions to invest 2,851 crore in first phase of 123-acre township in Hyderabad(Aparna Constructions and Estates Private Limited)

“This landmark township represents an ambitious foray into the ultra-luxury residential market, supported by a substantial investment of 2,851 crore for the first phase of Aparna Deccan Town,” the company statement said.

Also Read: Hyderabad's housing transactions rise 7%, sales value up 20% between July-Sep period: Report

According to the company statement, the project, located in the Gopanpally-Gachibowli area, comprises high-rise apartments and a gated community of 99 independent premium bungalows.

Aparna Sunstone, marking the first residential project launch of Aparna Deccan Town, will include nine G+44 towers, offering 3 BHK residences spanning 1,478 to 2,237 square feet in size.

Also Read: Hyderabad's property registrations touch 12,000 crore in Q2 2024

“The launch of Aparna Deccan Town and Aparna Sunstone marks our milestone entry into the ultra-luxury segment…Capturing the spirit of a city that is both dynamic and ambitious, Aparna Deccan Town embodies our vision of offering Hyderabad’s residents luxurious, thoughtfully designed living spaces that meet the evolving demands of urban life,” said S S Reddy, Managing Director, Aparna Constructions and Estates.

45 mn sq ft portfolio under construction

Aparna Constructions, a 3,500-crore company, has a portfolio of 82 projects, of which 71 are residential properties and 11 are commercial and retail spaces spread across the states of Telangana, Andhra Pradesh and Karnataka.

“These projects comprise integrated gated communities of apartments, villas, plot layouts, commercial and retail projects that are spread over 40 million square feet of built-up area and an additional 45 million square feet which is currently under construction,” the company statement said.

Also Read: Hyderabad registers 7,014 housing units worth 4,288 crore in June 2024, up 26% YoY

Over the next five years, the company plans to build real estate to the tune of 60 million square feet, the statement added.

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